SIA has announced an $835 million cabin retrofit program for 41 long-haul A350-900s which will get cabin products that had been due to debut on its Boeing 777-9
Safran Aircraft Engines has signed several agreements with Moroccan partners at the Marrakech Air Show 2024 regarding its new LEAP engine MRO shop which will be operational in 2026.
FTAI Aviation is eyeing expansion of its Montreal overhaul facility to include IAE V2500 capability to support its expanding portfolio for the narrowbody engine
Comac has signed agreements with the Airport Authority Hong Kong (AAHK) and MRO provider HAECO to support the operation of the C919 narrowbody in Hong Kong.
DAE had $162m net income on $337.9m revenues in 3Q24 vs $59.6m on $319m in 3Q23; it now has owned/managed/committed fleet of 500 aircraft vs 495 a year ago and $4b of available liquidity vs $4.1b on January 1.
STANDARDAERO was selected by PLAY to provide LEAP-1A Performance Restoration Shop Visit (PRSV) support at San Antonio under CFM branded services. Willis Asset Management (WAML) advised PLAY on the selection process.
Safran Aircraft Engines and the Moroccan government have signed an MoU to set up a new LEAP engine MRO shop, slated to come on stream by 2026. Anuradha Deenapanray reports.
NEXT LEVEL AVIATION (NLA), FL extended USM consignment agreement with Pratt & Whitney Commercial Serviceable Assets (CSA) to market/sell used serviceable engine accessories for another three years.
SAFRAN announced >€1b investment plan to develop its MRO network to support anticipated demand for LEAPs; project comprises construction of additional 120,000 sq meters of dedicated LEAP facilities at Brussels, Hyderabad, Querétaro, Casablanca, Villaroche and Saint-Quentin-en-Yvelines to increase annual capacity to 1,200 shop visits by 2028, plus adding new turbine blade repair facility at Rennes and possibly acquiring COMPONENT REPAIR TECHNOLOGIES, OH.
LUFTHANSA TECHNIK earned €168m in 3Q24 (vs €173m in 3Q23) on 9% higher revenues (third party rose 7.4%). It plans to invest >€1b in the coming years in all three world regions (Americas, Asia-Pacific and EMEA) to support demand.